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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: LTK007 who wrote (59431)8/31/1999 6:37:00 AM
From: Bill F.  Read Replies (1) of 86076
 
max90-you arecorrect.the set up is very similar to 1987.the potential for trouble is far greater now though.the public was only in stocks in a small way then not massively as they are now.of course the real problem is that prices are far ,far higher and have much farther to fall than they did then.of course rates are only 6+ vs 9+ but this bursting bubble will cause economic disaster whereas the 87 crash was an ecomonic non event.
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